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By Keith Archibald Forbes (see About Us) exclusively for Bermuda Online
Locations of hotels
Hotels - in alphabetical order - are shown below. Some have their own private beach (unlike in the Caribbean 900 miles south where all beaches are public) or private part of a beach, gardens and pools, other luxury facilities, sports, shops, beauty salon, etc.. Most have off-season lower rates from November to March. Some are on or close to Bermuda's public sector bus or ferry routes. They have been licensed but not graded by the Bermuda Government's Ministry of Tourism and Bermuda Tourism Authority. Some also offer residential condominiums on their properties. Many resort hotels operate the American Plan (AP), in which the cost of breakfast and dinner are included in the cost of a room but not drinks. Others have the European Plan for only the room, with guests making their own arrangements for meals. Presently, only one resort, Grotto Bay, offers All-Inclusive. It includes, costing from $114 a day per person as an optional extra, three meals, alcoholic drinks, on-site water sports sports, entertainment, public transportation. No hotels are adults-only. None include Butler Service.
Bermuda's official currency. The Bermuda Dollar is fixed to the US Dollar. Thus the US dollar is accepted everywhere at par. British Pounds sterling, Canadian dollars, Euros and other currencies should not be brought as they cannot be used. Most major international credit cards will be accepted from visitors, but overseas debit cards, even in the USA, cannot be used in Bermuda. Most if not all Bermuda places to stay, stores and restaurants will no longer accept traveler's checks, so they should not be bought for your Bermuda visit.
Internet, WIFI and Links to and from this website. Most hotels and other guest properties in Bermuda have Internet/WIFI, free to registered guests during their stay. Why don't we link to most of them? We will gladly create la non-exclusive link to them as a Bermuda resource when they create a similar link to us.
Guest hotel or similar occupancy and departure taxes and gratuities (tips) payable by tourists. A summary, paid to the Bermuda Government unless otherwise noted.
World's most visited countries in 2018. Source, Daily Telegraph. UK. Measured in 2019 by the UK's national Daily Telegraph newspaper.
How Bermuda compares with other countries or islands where tourists outnumber locals. Measured in 2019 by the UK's national Daily Telegraph newspaper in annual number of tourists compared to numbers of residents.
Fractionally owned units. Some hotels have them. Usually a condominium or similar in a separate building or buildings on the hotel grounds. Fractionally owned means buyers share ownership in a private residence club (PRC). When a unit is purchased the owners can select the dates they will be residing there, but can also use the unit whenever it is free. Ownership at a luxury fractional development such as this is the only feasible way in Bermuda for foreigners to acquire local real estate, due to a government policy that severely restricts, to only the most expensive, the amount and type of local real estate that can be sold to non-Bermudians. Because of their affiliations with hotel properties, PRCs are not affected by these regulations.
Tourist numbers and spending 2014-19
Disabled visitors access. Note that USA ADA disability standards do not apply in Bermuda. Here, because there are no such legally required disability protections or minimum standards required by Bermuda's Ministry of Tourism or the public/private sector Bermuda Tourism Authority what constitutes a disabled-friendly room can be interpreted differently. Disabled visitors using wheelchairs and the mobility-impaired should ask before they book for details of disabled-friendly rooms such as overall room size (many disabled or mobility-impaired guests need somewhat bigger rooms); room door and bathroom door width, does the bathroom have a wet-room shower or only a shower in a bathtub over which guests have to step, is the room on the ground (first) floor or higher in which case is there an elevator nearby and what is the elevator emergency policy for disabled guests.
2020. March 19. At least six hotels will be shuttered this weekend because of the impact of the Covid-19 crisis. Cambridge Beaches in Sandys and the Hamilton Princess will close on a temporary basis on Saturday night and Elbow Beach in Paget and The Reefs in Southampton will shut from Sunday. The Rosedon Hotel in Pembroke suspended operations yesterday, while the Grotto Bay Beach Resort will close on Friday afternoon. Guests who were due to arrive at island resorts were offered the chance to reschedule or cancel, with deposits in most cases held over for future bookings. David Dodwell Jr, general manager of The Reefs, said: “We want to do everything we can to protect the safety of our guests and staff. We hope to reopen upon the ending of the self-quarantine period on April 1. However, this may depend on any further restrictions or available airline service, which could impact the ability for our guests to visit and enjoy our well-known Bermuda hospitality. “We are working with all of our affected guests and offering them the ability to cancel or rebook to a later date at no charge. At this time, we are doing everything we can to support our amazing team members who are all impacted by this very difficult decision and the current travel climate.” Stephen Todd, the chief executive officer of the Bermuda Hotel Association, said yesterday that the closures were a “direct result” of the Government’s requirement for all arrivals from March 17 to self-quarantine for two weeks. Mr Todd added that the BHA supported the Government’s “proactive approach” to minimising the effects of Covid-19. He added: “This is a quite unique situation and not like anything we’ve previously seen.” Mr Todd said: “Through the board of directors at the Bermuda Hotel Association and through our wider membership, we are looking at the overall impact to our industry colleagues. We are not able to provide employment opportunities to the majority of our colleagues so we are looking to see, from a property to property standpoint, how we can support them. We also want to work with the Bermuda Government, wider industry partners and the financial institutions because we believe that some relief needs to be provided on behalf of all interested parties.” Nik Bhola, the general manager at Coral Beach and Tennis Club, said that the resort’s room operations had “pretty much come to a halt” although food and drink operations remained open. Mr Bhola said that the resort would have “ramped up” at this time of year and its team had been looking forward to the Bermuda Breeze tennis tournament and United States Tennis Association’s exhibition, all postponed because of the virus spread. He explained: “We have seen cancellations as a result of that. We were looking forward to a busy club and the start of our season, and rolling into Easter, which is obviously a busy time for us as well.” He added that weddings scheduled at the venue for next month had been moved to the autumn. Mr Bhola said maintenance teams and cleaning staff at the resort were busy, but “unfortunately the work isn’t there” for staff members in other departments. He added that some people were “on layoff, they’re not on full schedules”. Mr Bhola was confident the sector can bounce back. He said: “At our club, most people have postponed their trip, they’re quite happy to reschedule their visits, but they’re not canceling.” The Hamilton Princess announced this afternoon that it would “cease normal operations” from 5pm on Saturday until May 15. A spokeswoman said: “This decision will be regularly reviewed based on the ever changing environment and developments. This decision was not made lightly but has been made with the wellbeing of our guests, colleagues at the forefront, and the wider Bermuda community. We have committed to covering total health insurance payments for all our colleagues.” A message on the Elbow Beach website said it would close from Sunday until May 6. It added: “On any existing guest reservations, we would like to offer a one-year rollover allowing you to keep your deposit on the books for travel one year from your original travel date.” Clarence Hofheins, the general manager at Cambridge Beaches, told guests: “Lodging, restaurant, and spa services will remain open for those guests currently lodging at Cambridge Beaches Resort & Spa, until the evening of Saturday, March 21.” Mr Hofheins said that the resort would reopen once the mandatory 14-day quarantine for arrivals ended. He added: “We are in close communications with our employees and we are assisting them through this challenging time.” A letter posted on the Fairmont Southampton website told guests: “We want you to have the opportunity to experience the true magic of Bermuda. Please contact us to reschedule, or cancel, your stay with us.” At The Reefs, customers were told online that “additional flexibility” was available for guests who needed to change their plans. The Rosewood Bermuda told its guests about the required quarantine 14-day period for arrivals from March 17. It said: “Bermuda health personnel will be in communication with guests during this period to monitor guest health and status. Special arrangements will be made such as in-room dining fulfilment in order to ensure guests are cared for while maintaining the safety of all guests and associates. Guests showing no symptoms after the 14-day self-quarantine period will be permitted to move freely on the island.” The website added: “For reservations booked with travel between March 17 and March 31, 2020, guests may rebook without a fee for up to 12 months, and any deposits will be applied to future reservations.” Pompano Beach Club said on its website: “With the coronavirus crisis affecting us all in one way or another, if you should decide to cancel a stay that is scheduled to take place prior to May 15, 2020, the resort will either issue you a full refund of your advance deposit/prepayment or allow you to transfer it to a future reservation, without any penalties.
Above: Left, originally as Surf Side. Right: now as Azura
90 South Road, Warwick Parish, PG04, Bermuda. Tel: 441-232-9000. Email: firstname.lastname@example.org. Category. Small ocean-side hotel. Enlargement and renovation of former Surf Side Beach Club. 22 guest rooms, 20 one bedroom suites, and 24 one to three bedroom villas are inspired by the magnificent oceanfront setting, high atop a bluff overlooking the Western Atlantic Ocean. Soft opening mid 2019. Expected to be fully completed by 2020. Facing the ocean, this boutique hotel has its own small private beach. On No. 7 public transportation bus route, about 25 minutes by bus from Hamilton and 35 to 40 minutes from the airport. On 5 acres of landscaped oceanfront. Five minutes walk to Bermuda Railway Trail. Owner: Clearwater Development, the firm behind Azura Boutique Hotel and Residences..
Tapestry Collection by Hilton. 111 rooms, scheduled to open in June 2020. Category, resort hotel.
Bermudiana Beach Resort, Tapestry Collection by Hilton. 2 South Shore Crescent, Warwick, WK 08, Bermuda. Phone: 1-441-232-6000. Leased to Hilton Worldwide. Owned by Bermudiana Development Company Limited, a subsidiary company of the Bermuda Government's quango the Bermuda Housing Corporation, which has been seeking a General Manager to operate and manage this new ocean-facing resort hotel. Hilton Worldwide announced the company's debut in Bermuda with this signing. It takes its name from the once-famous landmark Bermudiana hotel in Hamilton that was burnt down and reconstructed in the 1950s/60s and during its later time owned a lovely relaxing and hugely popular Bermudiana Beach Club facility here until it was demolished to make way for the failed housing development that comprises much of this new hotel. Before the hotel opens individual units are being sold, starting from about $475,000. The name Bermudiana derives from the word Bermudian (not Bermudan as some USA and UK reference resources claim, wrongly, meaning a native of Bermuda, similar to Bahamian for a Bahamas native, Floridian for someone from Florida, Canadian from Canada, etc. Earlier a hugely expensive to Bermuda taxpayers and failed housing estate, it sits on a cliff overlooking a pristine pink-sand beach and turquoise waters. Amenities include a family-friendly swimming pool and infinity pool, spa, fitness center and beach accessible via a two-car funicular elevator, restaurant, bar, flexible space for meetings, events, weddings, etc.
2019. December 13. Representatives from the Hilton hotel chain visited Bermuda this week to discuss the Bermudiana Beach Resort. The vacation hotel/residential development, to be open next summer, will be a part of the hotel’s Tapestry Collection. Jenna Hackett, global head of Tapestry Collection, said: “The signing of Bermudian Beach Resort brings a unique and authentic resort to our portfolio. “As the first Hilton property in Bermuda, we look forward to working with the team at Bermudiana Development Company Ltd to offer visitors a unique hotel coupled with the benefits of our award-winning Hilton Honors programme.” The Bermudiana Beach Resort, originally built as an affordable housing, will be made up of 90 fully furnished hotel residences across nine buildings. Bermudiana Development Company is responsible for the conversion of the property and, once open, properties and amenities will be fully managed for owners by a professional hotel management team. The condos are for sale to local and overseas buyers on a 999-year leasehold basis, and under the terms of the lease owners can occupy their condo for up to 90 days each year. They can then rent it out through the hotel for the remainder of the year. The resort will also be part of the award-winning Hilton Honors guest loyalty programme, which offers benefits that include a flexible payment slider that allows members to choose nearly any combination of points and money to book a stay, an exclusive member discount, free standard Wi-Fi and access to the Hilton Honors mobile app.
30 King's Point Road, Somerset, Sandys Parish, MA 02. Phone 1- 800-468-7300 in USA or 1-800-463-5990 in Canada or directly at (441) 234-0331. Fax (441) 234-2252. Stunning location on it's own 25-acre peninsula on the westernmost end of Bermuda, furthest away from the airport. Overlooks Mangrove Bay and Long Bay, in a magnificent, exclusive, private site. From $595 a night including breakfast but periodically with a free night with a qualifying stay. For the affluent, up-market visitor on business or vacation, who are demanding and have high expectations. Bermuda's first cottage colony with one cottage about 300 years old. For tennis, there are 3 all-weather courts, 1 lit (for a fee). It has five small private beaches at King's Point, Mangrove Bay Terrace and Long Beach Cafe for informal meals, Tamarisk Room for formal dining restaurant. Buses do not serve this property. Nor does the regular Bermuda Government Department of Marine and Ports ferry service catamaran vessels. But there is a frequent complimentary ferry service for guests only directly, non-stop, to and from the City of Hamilton.
3 Stonington Circle, South Road, Paget Parish, Bermuda PG 04. Phone (441) 236-5416. Fax (441) 236-9766. Formerly Stonington Beach Hotel. 32 ocean view rooms and 2 one-bedroom ocean-front suites. The real estate is owned by the Bermuda Government and is leased to the current operator. It first opened in 1980 as a training ground for students at the Bermuda College (a junior college, awarding associate degrees). Name changed June 2003 to reflect the Coco Beach name of its Tobago-based Bermudian property owner and land leaseholder John Jefferis who once managed the nearby Elbow Beach Hotel. Overlooking the ocean and with a shared - by Elbow Beach - gorgeous private beach (it used to be public Elba Beach (named after the island where Napoleon was first exiled and escaped from until the original Stonington Beach hotel was built), complete with superb boiler reefs, one of the very best of all Bermuda beaches. Less than a ten minute drive from the City of Hamilton and on the # 2 and # 7 bus routes. With tennis courts, bar, two restaurants and a fresh water pool. In January 2008 a Bermuda Government-issued Special Development Order was granted in lieu of normal planning regulations, for an additional 66 luxury holiday apartments.
101 South Shore Road, Southampton Parish SN 02. Toll free at (866) 540-4497 or (441) 238-8000 directly. Fax (441) 238-8968. Postal airmail P. O. Box HM 1379, Hamilton HM FX, Bermuda. Owned until December 2015 by Fairmont Hotels and Resorts, later acquired and now owned by Accor Hotels of France, largest hotel group in Europe. 590 rooms and suites on 6 floors. 1500 guests. Bermuda's biggest hotel. On the second highest point of Bermuda, a 100-acre estate facing the South Shore ocean and Great Sound on the north side, with spa, pool and beach area, lush gardens, its own golf course, convention and meeting facilities, a variety of restaurants. The hotel was the brainchild of American businessman and shipping magnate Daniel K. Ludwig, the first owner, who also owned its sister property, the Hamilton Princess Hotel (now owned privately). Canadian Pacific Hotels bought both properties in 1998 and took over Fairmont Hotels and Resorts the following year. The hotels were then renamed the Fairmont Southampton and the Fairmont Hamilton Princess. In 1972-74, when this hotel was built, almost 100% of the construction materials came from Canada. Nearest beach is the one belonging to this hotel, reachable by the hotel's beach shuttle. Past guests have included the Saudi royal family's stay in the late 1970s; Bill Cosby and his wife; US presidents, including George Bush senior; Tony and Cherie Blair; The Queen and Prince Philip attended functions here (though they always stayed at Government House).
11 Blue Hole Hill, North Shore Road, Bailey's Bay, Hamilton Parish. Phone (441) 293-8333. Fax (441) 293 2306. Reservations 1 (800) 582 3190 in the USA or 1 (800) 463 0851 in Canada. 201 rooms newly refurbished, for 500 guests. The hotel is on Castle Harbour part of the North Shore ocean. Nearest hotel to the Bermuda International Airport 1 mile or 5 minutes away. On 1, 3, 10 and 11 bus routes. Situated on 21 acres of landscaped ocean-front grounds. The 11 cottages in which the rooms are located feature hibiscus, oleander and bougainvillea gardens. Superior rooms are the first-floor rooms, while the deluxe rooms are second or third floor. All ’Ocean Front’ rooms are located along the water front; ’Ocean View’ rooms are on the top of a ridge that features fantastic views. In-room amenities consist of a coffeemaker, iron and ironing board, mini-refrigerator, hair dryer, reading lights and a safe. With several man-made beaches, 4 plexi-paved cork-based tennis courts and exercise room, two historic underground caves for exploration and swimming, several restaurants. Offers most of all-inclusive as an optional extra, only hotel in Bermuda to do so, or various meal plan packages such as breakfast and dinner or just breakfast.
Bermuda's oldest hotel, bigger and more glamorous now than in its late19th century days
76 Pitt's Bay Road, Pembroke, Hamilton, Bermuda HM 08. Phone (441) 295-3000. Fax (441) 295-1914. Toll Free in USA (866) 540-4447. Mailing address P. O Box HM 837, Hamilton HM CX, Bermuda. Sometimes referred to as the Pembroke Princess. Owned by the billionaire Bermudian and resident Green family On the waterfront of Pembroke Parish. On the outskirts of the City of Hamilton. 410 rooms, licensed for 1000 guests. It is also the most important convention center near Bermuda's capital city. Since 2016 this resort hotel has its own private beach, the Princess Beach Club. It was completed in 2016 on the site of the old Sonesta Beach Hotel and is served by a shuttle bus. This historic hotel is the oldest in Bermuda, a landmark. It first opened on January 1,1885, shortly after the successful opening of the Hamilton Hotel (destroyed by fire in the 1950s), Bermuda's first big hotel. It began life as the Pembroke Hotel. Harley Trott, a leading businessman of the time, saw opportunity and had the new hotel built to provide a winter haven. The hotel opened two years after Her Royal Highness Princess Louise Caroline Alberta, Duchess of Argyle, fourth daughter of Queen Victoria, visited Bermuda and called it "a place of eternal spring." Married in 1871, her husband was the Marquis of Lorne from Scotland (later the 9th Duke of Argyle) and Governor General of Canada. The hotel was-re named “The Princess” in her honour. She became a frequent visitor in the 1880s, to escape the cold of Canada. She was Bermuda's first official tourist of Royal blood and an accomplished artist in water colors and oils. Because of her appreciation of the military, the Guard of Honor it provided for her wedding and the artwork she did for it, one of Scotland's most famous British Army units to serve in Bermuda, The Argyllshire Regiment, was renamed to honor her. It carried her insignia for many years in its own - and served in Bermuda for two years under the name in the late 1920s - before it became The Argyllshire Highlanders
Replaced the lovely old former Inverurie Hotel shown below
1 Harbour Road, PG 01, or P.O. Box PG 176, Darrell's Wharf, Paget PG 01, Bermuda. Reservations 1-441 232-5700. Hamilton Harbour waterside rooms and suites with kitchens, walk-in closets, separate eat-in kitchen and dining rooms and private balcony suitable and priced for executive business stays. Rooms and suites come with a fully-stocked refrigerator/bar, laptop safe, Smart TV and a work station with a G-link for electronic devices. The City of Hamilton is 2 miles away, accessible by car, public transportation bus not far away or ferry nearby. Once the site of and constructed partly from the famous and original full-service including nightclub Inverurie Hotel, a huge Bermuda favorite in the 1950s and 60s, so-named by its original owner, a Scotsman, after his home town. It later became the Palm Reef Hotel, then the Wharf Executive Hotel (opened July 10, 2002 as a 15-suite boutique hotel) and now Inverurie Executive Suites.
27 Harbour Road, Paget PG 02. Phone (441) 236-6060. Fax (441) 236-2296. On the harbor’s edge overlooking the city of Hamilton. Built from the remnants of two once-elegant Bermuda hotels called Newstead, once a 19th century colonial manor, then a hotel, and the former Belmont Manor - a less luxurious but also spectacular-in-water-views 20th century hotel circa 1920 - plus the rebuilt 18 hole Belmont Golf Course owned by the company nearby. The full service resort destination has numerous hotel rooms and residential units. It offers many amenities in addition to golf, a world class spa, two tennis courts, infinity pool overlooking Hamilton Harbour, two fine restaurants and a private ferry service to the City of Hamilton. It combines traditional Bermuda architecture with new Bermuda design. Also offers part ownership of luxury suites to non-residents. Some Newstead guests qualify to use the Elbow Beach Hotel's private beach facilities via a shuttle service.
Pompano Beach Road, Southampton. Phone (800) 343-4155 in the USA or Canada or (441) 234 0222 directly. 75 rooms. Ocean view and beach-side location, turquoise waters. Tom Lamb III and his brother Larry, owners. Bermuda's first fishing club, named after the pompano game fish then prolific. Offers dramatic ocean views from the main clubhouse and all guest rooms. Two restaurants, pool, private South Shore beach, fitness center, bar, two clay tennis courts. On its own private road away from traffic noises. The 8 bus route is on the main Middle Road a mile away.
Was expected to open by late 2019 but see below, far from complete, delayed by default in ownership and financing.
Southampton, Bermuda. When completed it will be an ultra-luxury waterfront hotel and residences on 182 acres of prime Bermuda property that was once - from 1942 to 1995 - a US Navy base, then known as Morgan's Point.
The extraordinary new Ritz-Carlton Reserve Hotel will offer 77 guest rooms and two presidential villas, plus. at the Ritz Carlton Reserve Residences five buildings representing 35 residences. The property was begun by Caroline Bay Ltd, which has since defaulted. This one-of-a-kind destination for the island is already home to Caroline Bay Marina, which offers space for up to 33 transient superyachts; 80 berths exclusively for Ritz-Carlton Reserve Residence owners; the Caroline Bay Marina Yacht Club; state-of-the-art power; water; concierge services; MarineTech docking system and environmentally secure sewage waste systems. Once complete, Caroline Bay will be the largest development the island has seen in more than four decades. Owners of the Ritz-Carlton Residences will enjoy:
The Ritz-Carlton Reserve Residences are not owned, developed or sold by The Ritz-Carlton Hotel Company L.L.C or its affiliates (“Ritz-Carlton”). George’s Bay Residences Limited uses the Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein. Caroline Bay Marina is not managed by the Ritz-Carlton Hotel Company, L.L.C. or its affiliates.
2020. March 28. The stalled Caroline Bay resort development is to go back to the drawing board with “expert restructuring advisers”, the finance minister said yesterday. Curtis Dickinson added the project would be assessed by Alvarez and Marsal, a New York firm with “significant experience” in reviving large projects. Mr Dickinson said the company’s staff were “experts in the real estate space and restructuring space”. He was speaking after the Government’s announcement on Thursday that it would take legal action in a bid to have provisional liquidators appointed for the troubled development. Mr Dickinson said the provisional liquidators, from professional services firm EY, were also experienced in hospitality properties, including the Newstead and Tucker’s Point resorts. Mr Dickinson added the next step was to shore up the partly completed buildings at the West End development to protect them from deterioration. He said he was “disappointed that the developers failed, in what was the largest Bermuda Government-backed hospitality project”. He added: “This could have been and should have been avoided.”
Mr Dickinson said the future of the project could include “design construction plans” to allow the Government to “complete the buildings and have them in working order”. He declined to speculate on whether the development would remain a resort or get changed to housing. The original developers included Brian Duperreault, the chief executive of insurance giant AIG and one of the island’s most prominent business figures. Mr Dickinson also declined to comment on whether the developers had tried to bail Caroline Bay out with their own funds. He said: “How much money they’ve put in, and why they are unable to fund additional amounts personally, is a question they are in the best position to answer.” Mr Duperreault did not respond to a request for comment yesterday. The hotel and luxury home complex would have transformed the brownfield site left at the old US Naval Annex at Morgan’s Point. The deal was sweetened with a $165 million government guarantee agreed under the previous One Bermuda Alliance administration. The guarantee had to be paid to lenders last year after the development hit finance problems. Mr Dickinson said extra funding was being drawn from the Government’s $200 million credit line with Butterfield Bank and HSBC Bermuda, set up last year to pay off lenders. He added further borrowing would have to be done through “a new special purpose vehicle, backed by the assets of the project itself” — leaving the option of seeking further investors — “if deemed appropriate”.
Mr Dickinson said Caroline Bay’s backers had made several proposals in an attempt to salvage the project over the two years since they said they were unable to meet their debts. He added: “Without exception, each proposal would have put the Bermuda Government in a far worse position than it is in today.” Mr Dickinson said new borrowing based on “speculative plans” would have likely led to further default, with the new lender having first call on the assets at present claimed by the Government. Mr Dickinson said that would “leave the people of Bermuda with nothing”. He added that all the proposals were also based on Government continuation of its $165 million guarantee — or increasing it to $185 million. Mr Dickinson said: “They are also based on the payment of transaction fees to the developers, or parties related to them, in the range of $12.5 to $17.5 million, and repayment of loans, or interest payments on loans, to other lenders who were not part of the Bermuda government guarantee.” He added one proposal would have transferred the debt held by the Government to a new investor, who would have retained a priority claim on the project’s assets. Mr Dickinson said the Government’s actions on Thursday were “an effort to mitigate the worst-case outcome” of the Government losing its money. About $11 million was paid in December and January to subcontractors at the site who had now “by and large been paid”. Mr Dickinson added: “The buildings that have been partially constructed, we need to finish them first. Our chances of recovery of all of our money are reduced, inasmuch as there is incomplete construction.”
2020. March 27. A legal bid to put the assets of the stalled Caroline Bay resort project into the hands of provisional liquidators was launched yesterday, the Government revealed last night. A spokeswoman for the Ministry of Finance said: “The developers acknowledged in February 2018 that they were unable to pay their debts and while the Government has done everything prudently possible to support efforts to refinance the project, to date the developers have failed to provide an acceptable way forward.” She added that senior members of professional services firm EY Bermuda had been appointed as joint provisional liquidators and it was planned that they would “take control of various project companies, representing the collateral behind the original project loans and Bermuda Government guarantees”. The spokeswoman said: “As the Government has expressed previously, the intention is to protect the interests of the people of Bermuda to the fullest extent permissible under the law.” Curtis Dickinson, the finance minister, will hold a press conference today to reveal more details. The project, at the former US Naval Annex at Morgan’s Point in the West End, was backed with a $165 million government guarantee arranged under the previous One Bermuda Alliance administration, which had to be paid to lenders last year after finance for the development collapsed. The payout required Parliament to approve a $200 million line of credit for the Ministry of Finance and the island’s debt ceiling was raised by $250 million as a result. Work started on the 250-acre peninsula about four years after a land swap between the developers, which included Bermudian insurance industry legend Brian Duperreault, the CEO of AIG, and the Government.
The Southlands estate in Warwick was exchanged for Morgan’s Point, on condition remediation work at the brownfield site was carried out before construction started. The company behind the resort said that the site would include a Ritz-Carlton Reserve hotel, luxury homes and a marina capable of accommodating mega yachts, as well as a spa, restaurants and upmarket retail stores. The marina was opened in time for the 2017 America’s Cup, but construction work stalled in February 2018. The developers, George’s Bay Ltd, said that “first phase construction activity at Caroline Bay has been reduced ... due to construction costs outpacing the existing financing of the project”. The firm said it planned to extend financing so work could get back to normal as soon as possible. The Government, however, was later forced to pay back the project’s lenders after it received notices of default in June and August of last year. Mr Dickinson said in this year’s Budget statement that the Government maintained a “legitimate expectation” that it would recover the cash paid out to the resort’s creditors. He added that Bermudian construction firms left unpaid for their work were also compensated after the Government “purchased the claims from project contractors”.
2020. February 24. The Government’s multimillion payout on the stalled Caroline Bay development at Morgan’s Point was highlighted in last Friday’s Budget speech. Finance Minister Curtis Dickinson said that $182.4 million had been borrowed to date. However, Mr Dickinson insisted that the Government maintained a “legitimate expectation” that it would recover the cash. A $165 million government guarantee in 2016 with the developers of the villa and hotel development on Morgan’s Point was set up by the previous One Bermuda Alliance Administration. Mr Dickinson said work on the project stopped in February 2018 and was still “fully suspended”, which meant the Government was forced to pay back the project’s lenders after it received notices of default in June and August of last year. He added that Bermudian construction firms left unpaid for their work were also compensated after the Government “purchased the claims from project contractors”. Mr Dickinson said that further payouts over the project would mean that debt service costs for 2019-20 were expected be $2.7 million above the estimated figure of $116.5 million. Mr Dickinson explained that this would push the revised estimate of Bermuda’s overall deficit to $14.6 million — $22.0 million more than the $7.4 million surplus projected. The Government may cover the $14.6 million through borrowing or through the Consolidated Fund. The island’s debt service costs for the coming fiscal year are projected to be $121.4 million — about $7.9 million of which is related to the troubled resort. Mr Dickinson said that interest rates were “relatively low” and that it was planned to refinance the Government’s loan agreement on Caroline Bay.
2019. November 2. The House of Assembly yesterday passed legislation to increase Bermuda’s debt to about $2.75 billion. But Curtis Dickinson, the Minister of Finance, told MPs the Government Loans Amendment (No 2) Act had taken effect on September 13. Mr Dickinson said the legislation took effect under the Provisional Collection of Revenue Act, 1975. The Act gave the Government room to cover a $165 million guarantee, plus related expenses, for the Caroline Bay development at Morgan’s Point, Southampton. Mr Dickinson emphasised the Government’s credit line of $200 million agreed with island banks did not amount to a loan. He explained that it was “simply the flexibility to borrow up to that amount”. The Government has drawn about $170 million so far to buy loans for the stalled development. Mr Dickinson said that the Government had decided to acquire the claims of the lenders, “as opposed to just paying up on the guarantee”. He explained that route put the Government in a stronger position. Patricia Gordon-Pamplin, the Shadow Minister of Health, told the House that the government guarantee had been essential for the development to proceed under the land swap agreement when the project moved from the Southlands site, in Warwick, to the Morgan’s Point site in Southampton. She said the former United States base had been left contaminated and that without the guarantee “there would never have been a project at that site”. Ms Gordon-Pamplin said the Bill was “straightforward”. She added: “Certainly we understand the reason for the debt ceiling to be raised.”
2019. October 25. The Ministry of Finance has completed the $170 million purchase of Government-guaranteed loans at the stalled Caroline Bay resort, it was announced yesterday. The move means island-based reinsurers Arch Capital Group and Axis Capital Holdings have no remaining interest in the Morgan’s Point development. Curtis Dickinson, the finance minister, earlier condemned the former One Bermuda Alliance government for putting the island “on the hook” for the guarantee three years ago. Mr Dickinson was required to increase the debt ceiling by $250 million to $2.75 billion last month so the ministry could secure a $200 million credit issued by Butterfield Bank and HSBC to purchase the loans. He said yesterday: “While the investments by Arch and Axis were guaranteed by the Government, their support for the project and Bermuda in general goes back far earlier. With respect to these project loans, until recently they had not received a single interest or principal payment. I would like to personally thank them for their patience and continued commitment to Bermuda.” Preston Hutchings, the chief investment officer of Arch Capital Group, said: “Caroline Bay was, and still can be, an important project to stimulate employment and tourism growth in Bermuda. We were delighted to support it, but unfortunately the developers experienced financial difficulties that to date have prevented completion of their vision.” Mr Hutchings said Arch had worked with the minister to try to “achieve a different result”. He added: “Unfortunately, that did not work out, but I would like to thank the minister for keeping us duly informed throughout the process. I wish all parties success in seeing the project through to a better result, and we will continue to be committed to Bermuda.” Albert Benchimol, the president of Axis, said: “The current status of this project is unfortunate, but we are grateful for the responsiveness of the minister and the Government in working towards a conclusion to this difficult situation. We made this investment to support Bermuda’s economic growth and we remain committed to the island and its economy.” Mr Dickinson added: “I would also like to thank the local banks and their teams who supported the Government by providing favourable terms and timely execution of the credit facility to help meet our short-term obligations.”
2019. September 28. The Government has secured an agreement to borrow up to $200 million to cover the costs of the Morgan’s Point guarantee, MPs were told yesterday. Curtis Dickinson, the Minister of Finance, said that a one-year term loan facility deal with the Bank of Butterfield and HSBC Bank Bermuda was executed last Tuesday. He told the House of Assembly: “This facility was competitively priced at 4.25 per cent and it is satisfying that local financial institutions were supportive in providing Government with its financing needs for this unfortunate matter.” The move enabled the Government to pay $165 million to lenders over the Caroline Bay development, where construction ground to a halt last year due to financial problems. Mr Dickinson said: “This facility offers the Government valuable flexibility with regard to its duty to exercise the full range of options provided under the project agreements, which includes, in the first instance, the purchase of the interests of the B and C lenders. “The remaining proceeds will be used substantially to fund other costs associated with this matter.” Mr Dickinson said the B loan was provided by an institutional investor, while the C loan was initially provided by local reinsurance companies Arch, Axis and Validus. The Validus portion was subsequently purchased by Arch and Axis. The minister added that the Government had not borrowed the $200 million, but the agreement means that a facility is in place to borrow that amount. Mr Dickinson said: “Funds will only be withdrawn when absolutely necessary and only funds that are drawn will be charged with interest.” He added: “Neither the new borrowing nor the revised debt ceiling amounts have been determined for any purpose other than to fulfil the Government’s obligations and exercise of its rights under the respective guarantees for the Caroline Bay project. However, we will seek advice from professional advisers to determine the extent there are other potential liabilities the Government may need to address. Without advice, borrowing or establishing a debt ceiling without room for contingency would be irresponsible.” Mr Dickinson, who was forced to raise the island’s debt ceiling by $250 million to cover the borrowing, previously condemned the former One Bermuda Alliance government for putting the island “on the hook” for the guarantee three years ago. He has also warned that, in addition to the $165 million guarantee, the Government will have to pay several million dollars to construction firms left unpaid after the project dried up.
2019. September 14. Morgan's Point/Caroline Bay Development Timeline over 14 years, most recent announcements first.
Construction as at July 4, 2019
For more details see under Morgan's Point in www.bermuda-online.org/seesouth.htm
61 Pitts Bay Road, Pembroke Parish. P. O. Box HM 290, Hamilton HM AX, Bermuda. Phone Bermuda 441-295-1640 or toll-free in USA (800) 742-5008. Email email@example.com. 44 rooms, standard, superior, de luxe and luxury, some in a historic manor house-style property begin in 1904 and finished in 1906 for a wealthy Mr. E. J Thompson and named after his son Robert Rosedon Thompson, others nearby behind. European fabrics, four poster beds. Nice gardens with Bermuda flora, Huckleberry restaurant, heated outdoor swimming pool, free beach shuttle service, fitness center. Long owned by the local Kitson family, now by artist Lee K. Perry. Equipped to charge Renault Twizzy 2 seater electric cars. A leisurely 15 minute walk to the City of Hamilton and its public transportation ferry terminal and/or buses.
2020. March 17. This classically Bermudian hotel has suspended operations and moved to takeaway service to slow the spread of Covid-19. The Rosedon Hotel relieved most of its staff and asked them to stay at home for the next 30 days as the island braces itself for the impact of the pandemic. A press release from the property, which runs the Huckleberry restaurant, said: “In an effort to help mitigate the spread of the Covid-19 virus and to protect our team members who are our most valuable asset, Rosedon Hotel will close all hotel operations on Wednesday, March 18, 2020. With the requirement of a mandatory 14-day quarantine for all arriving passengers as of Tuesday, March 17, 2020, we believe the prudent thing to do is to temporarily cease hotel operations.” It explained that the restaurant would stop providing on-site dining tomorrow and a drive-through or takeout service called Huckleberry@Home will instead be offered daily from 11am until 8pm. The press release said: “In order to maintain safe ‘social distancing’ all guests will be required to remain in their vehicle or on their cycle while on property. Our team members will be utilizing safe distancing and sanitary procedures consistent with best practices to ensure that we can continue to deliver this service for the duration of the Covid-19 pandemic. The majority of the Rosedon and Huckleberry team are being asked to stay at home for the next 30 days and to practice ‘social distancing’ and safe sanitary practices in order to be ready to return to work as soon as the pandemic passes. Rosedon Hotel will create a ‘healthy quarantine’ on-site with a number of our hotel and restaurant team who have volunteered to stay on property in a controlled environment. All team members who have volunteered to remain on property will be working to implement our Huckleberry@Home concept as expeditiously and safely as possible.” Rob Bruni, the hotel’s assistant general manager, told The Royal Gazette that about five guests occupied three rooms today with one due to leave tonight. He explained that other guests said they expected to leave earlier than originally planned but that dining and other hotel services would remain available to them until their departure. Mr Bruni said: “We did have other bookings and we were very proactive in the past few days, the past week, reaching out to those guests, letting them know that this may be a concern.” He added that many guests took heed of the warning and cancelled their reservations. The hotel employs a staff of about 50 and the press release explained that for those who were asked to remain at home “where applicable, they will be working remotely and participating in online training in order to make the most of their time away from the property”. It added: “In keeping with our commitment to ethical leadership, all staff have been guaranteed their regular wage through March 31, 2020 and are being encouraged to apply for two weeks of vacation time for the subsequent period through to April 14 in order to ensure that they do not face financial hardship in the midst of all of the other uncertainty that Covid-19 is causing.” Mr Bruni added that some employees were offered “safe housing” even if they were not actually working over the 30-day period.
60 Tucker's Point Drive, Hamilton Parish HS 02. Phone (441) 298-4000. Email Tuckerspoint@rosewoodhotels.com. So-called because it is professionally managed (but not owned) by the Rosewood corporation of Texas. Mailing address P. O. Box HS 85, Harrington Sound, Hamilton Parish, HS BX, Bermuda. Opened April 17, 2009 by Bermuda residents and film stars Michael Douglas and his wife Catherine Zeta-Jones, with then-Premier Ewart Brown, as the first new hotel to be constructed in Bermuda for 37 years. 88 guest rooms. They range in size from 530 to 1,200 square feet with luxury bathrooms and terraces with views of Castle Harbour and Harrington Sound. Rooms feature luxury bathrooms and terraces with views of Castle Harbour and Harrington Sound. Each room has a spacious balcony with a view of Castle Harbour, a flat screen panel TV, Wi-fi, fireplace, wet bar and walk in closets. They also have a luxury five-fixture bathroom with a stand alone deep bathtub. The rooms also come with amenities such as portable phones and I-pod/Mp3 docks and 24-hour room service. On 200 acres of waterfront overlooking Castle Harbour. It is in the exclusive and private residential area of Bermuda known as Tucker's Town. Interestingly, while the hotel itself and its units are solely in Hamilton Parish, the Rosewood Tucker's Point Beach Club is in the St. George's Parish part of Tucker's Town, about a mile away. A resurrection, reconstruction and reconstitution of the Castle Harbour Hotel, which opened in 1931 and closed in 1999, under a new name after the latter's demolition. The Castle Harbour Hotel was a landmark first planned by the British Furness Withy shipping organization in 1923 and first opened on November 1, 1932. Furness Withy built both the original Castle Harbour Hotel and the Mid Ocean Club. After World War 2 Furness Withy of the UK lost interest. The property and extensive land were bought by Bermuda-based Bermuda Properties Ltd (BPL), originally headed and owned by Juan Trippe. He was the founder of the original Pan American World Airways. It was a direct result of his interest in Bermuda after Pan American flew between Bermuda and New York from 1937. His son, Ed Trippe, later assumed control.
24 Rosemont Avenue, Pembroke Parish, HM 05. Inland. 32 room boutique hotel including some small suites with kitchenettes. Telephone 1 441 292 1854. Within 15 minutes walk to the City of Hamilton. Two pink-painted former manor houses set in lush gardens with access to a private pool and lounge area. A guest property since the early 1960s, although the buildings date back more than a century and were formerly private homes. The boutique hotel also caters to both business visitors looking for accommodation near the Island's numerous local and Bermuda-incorporated international businesses. Quality furnishings, mini fridges, flat-screen TVs. Buffet continental breakfast available as an option. With its "Ascots" restaurant for guests and the general public.
Targeting a 2021 debut, according to a statement from the Bermuda Tourism Authority.
St. Catherine's Bay and Beach, St. George's, Bermuda. Located on a public beach, of which the hotel and residences are expected to have a p rivate portion, near the historic Town of St. George, a UNESCO World Heritage site and set beside the majestic Fort St. Catherine, The luxe hotel is close to the historic town of St George. Building began in May 2017, on the site of a former failed Holiday Inn then Loew's Inn then Club Med. The latter was exploded to create the space for the latest hotel. The Marriott project is now planned for an April 2021 launch. The new hotel will include 122 rooms and suites, along with a Bermuda Hovernment-owned 18-hole golf course designed by Robert Trent Jones, Jr and a casino, among other amenities. It will also feature a real estate component (see below). It would be the second St Regis in the wider region, joining the existing St Regis Bahia Beach in Puerto Rico.
Real Estate portion. this world-class 30-unit development of two bedroom units is now open, with the 120-room hotel itself and amenities including two infinity pools, spa, children's club and two restaurants expected to be completed by April 2021. With luxurious contemporary design, spanning over 680 linear feet of beachfront with breathtaking views. When the hotel is completed guests can play a round on the nearby Bermuda government-owned golf course or experience every type of water adventure imaginable from paddle boarding to scuba diving and yachting. Owners of these two bedroom residences will enjoy oceanfront views and enviable amenities including walk-on beachfront, pool, wellness center, state-of-the-art fitness center, two restaurants, casino and 24/7 concierge service. Units can be purchased by Bermudian, Permanent Resident Certified and International guests, Amenities include gym, pool, dock and parking. Owned and to be operated by Bermuda-incorporated Hotelco SRB Hotel Ltd and Hotelco SRB Hotel Residences 2 Ltd. They use the St. Regis trademarks under a license from Marriott International, Inc. or its affiliates.
South Road, Southampton Parish. Phone (800) 742-2008 in the USA or Canada or directly at (441) 238-0222. Fax (441) 238 8372. A beach resort nestled into coral cliffs above a private pink beach. With three gourmet restaurants, bar and fitness center. The 2 tennis courts are plexi-pave. On the 7 bus route. Owned by David Dodwell, a former Bermuda Minister of Tourism. Also has The Reefs Club, a Private Residence Club (PRC) with 19 two-and-three bedroom residences. With infinity pool, whirlpool, club lounge and fitness centre.
126 Somerset Road, Sandys Parish MA 06, Bermuda. 800.752.8493 (USA), 800.463.8444 (Canada), 441.234.1616 in Bermuda. Established in 1960. 67 rooms, all with balconies and non-smoking. On six acres of manicured grounds. Owned and operated by the Willowbank Foundation. Registered Bermuda Charity. Christian spiritual retreat. There is no bar. A place for spiritual and physical rest, and fellowship. On bus routes 7 (Dockyard) and 8. With 2 private beaches, water views, water sports, tennis courts, heated (in winter) outdoor pool. Room rate includes breakfast. Also served on an optional basis are afternoon tea, and dinner at its informal restaurant or in a more formal facility. Has WIFI.
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April 1, 2020
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